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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Servicing and subservicing fees $ 213,730 $ 233,220 $ 658,095 $ 761,523
Gain on loans held for sale, net 16,942 25,777 61,135 76,976
Other 7,606 25,645 32,886 79,307
Total revenue 238,278 284,642 752,116 917,806
Expenses        
Compensation and benefits 63,307 90,538 211,220 272,750
Professional services 40,662 38,417 110,821 145,651
MSR valuation adjustments, net 41,448 33,426 91,695 115,446
Servicing and origination 31,758 52,246 91,452 128,061
Technology and communications 20,597 27,929 67,306 79,530
Occupancy and equipment 11,896 15,340 37,369 49,569
Other 7,858 15,583 19,814 39,335
Total expenses 217,526 [1] 273,479 629,677 [1] 830,342
Other income (expense)        
Interest income 3,963 4,099 10,018 12,101
Interest expense (61,288) (47,281) (189,601) (212,471)
Gain (loss) on sale of mortgage servicing rights, net (733) 6,543 303 7,863
Other, net (2,967) (1,077) (6,872) 6,384
Total other expense, net (61,025) (37,716) (186,152) (186,123)
Loss before income taxes (40,273) (26,553) (63,713) (98,659)
Income tax expense (benefit) 845 (20,418) 4,541 (15,465)
Net loss (41,118) (6,135) (68,254) (83,194)
Net income attributable to non-controlling interests (29) (117) (176) (289)
Net loss attributable to Ocwen stockholders $ (41,147) $ (6,252) $ (68,430) $ (83,483)
Loss per share attributable to Ocwen stockholders        
Basic (in USD per share) $ (0.31) $ (0.05) $ (0.51) $ (0.66)
Diluted (in USD per share) $ (0.31) $ (0.05) $ (0.51) $ (0.66)
Weighted average common shares outstanding        
Basic (in shares) 133,912,425 128,744,152 133,632,905 125,797,777
Diluted (in shares) [2] 133,912,425 128,744,152 133,632,905 125,797,777
[1] Expenses in the Corporate Items and Other segment for the nine months ended September 30, 2018 includes $7.5 million of severance expense attributable to headcount reductions in connection with our strategic initiatives to exit the ACS business and the forward lending correspondent and wholesale channels, as well as our overall efforts to reduce costs.
[2] Stock options were anti-dilutive because their exercise price was greater than the average market price of Ocwen’s stock.